Silver surges Rs 1,800, gold remains flat

New Delhi: Extending the record run for the second straight day, silver surged Rs 1,800 to a fresh lifetime high of Rs 2,07,600 per kilogram in the national capital amid sustained buying by traders, according to All India Sarafa Association.

The white metal jumped Rs 7,300 on Wednesday to breach the Rs 2 lakh per kilogram-mark for the first time, settling at Rs 2,05,800 per kg. With the latest gain, silver prices have skyrocketed by Rs 1,17,100, or 129.4 per cent, this year, from Rs 90,500 per kilogram, recorded on January 1, 2025.

In the local bullion market, gold of 99.9 per cent purity remained flat at Rs 1,36,500 per 10 grams, as per the association. In the international markets, spot gold fell $13.16, or 0.31 per cent, to $4,325.02 per ounce. Spot silver slipped 0.25 per cent to $66.04 per ounce in the overseas markets.

In the previous session, the white metal had increased by $3.13, or 4.91 per cent, to hit a record of $66.88 per ounce. In the current calendar year, from its record highs, silver prices have risen by $37.32, or 126.3 per cent, from $29.56 per ounce, recorded on January 2, 2025.